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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: Captain Jack who wrote (38838)2/22/2000 5:04:00 PM
From: JDN  Read Replies (1) | Respond to of 41369
 
Dear CJ; Well, I wouldnt read too much into today. The whole market took a pretty good hit. I got stocks a lot better than this one down even more. I am looking for an AG relief rally tomorrow. How about it? JDN



To: Captain Jack who wrote (38838)2/22/2000 5:21:00 PM
From: Luis  Read Replies (1) | Respond to of 41369
 
HEY CAPTAIN DID YOU SELL TODAY i was the last chance for aol.really i think is to late for download now,willing to take the the full heat of the downtrend ,were is the bottom .that is the 1,000,000 question in today who wants to be a millionare



To: Captain Jack who wrote (38838)2/22/2000 5:55:00 PM
From: RocketMan  Read Replies (2) | Respond to of 41369
 
If you look at the TWX chart, you note that its price is now just a bit lower than its resistance level last summer, well before the AOL merger announcement. This means that at this level, the market is giving TWX absolutely no value for AOL -- zero -- nada -- as compared with its perceived value last summer. Now, only an idiot can come to this conclusion, but that is the way of the market. For instance, TWX is getting no value for the following:

Tuesday February 22 05:30 PM EST
Where America hangs out online: AOL
By Margaret Kane, ZDNet News
Newest Media Metrix report says almost 40 percent of all time spent online in the U.S. last month was spent at AOL.

America Online Inc. continued to dominate Internet traffic during January, accounting for 38 percent of the total time U.S. residents spent online. Survey firm Media Metrix said Tuesday that Americans spent 57.5 billion minutes online last month, an average of 13.2 hours per person.


As crazy as this market is, one thing that big money is not is stupid. What that tells me is that the big money is content on sitting on the sidelines until AOL/TWX bottoms out from the retail investors selling. There is no sense in them coming in before then, besides the fact that their own analysts are still trying to figure out how to value this company. Finally, the poor market conditions have put additional pressure on the stock.

Anyone smart would be buying now instead of selling, but it is very difficult to do that when a stock is in a continuing downtrend. I think I am buying some leaps tomorrow.